Dong Mingzhu reelected as Gree head

Dong Mingzhu was confirmed to enter her seventh year as the chairwoman of of Gree Electric Appliances, as the Chinese air conditioner giant elected its new board of directors on Wednesday — a process that was expected to finish seven months ago...

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Xiaomi-TCL draw closer with strategic cooperation agreements

Xiaomi Corp bought 65.2 million shares, or 0.48 percent, of consumer electronics giant TCL Corp from the secondary market as of Jan 4, Guangdong-based TCL said in a statement to the Shenzhen Stock Exchange on Sunday...

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Qingdao Haier Completes the Acquisition of Candy to Strengthen Global Leadership in Smart Home Appliances

Qingdao Haier Co., Ltd. has completed the acquisition of Candy S.p.A. Candy is now a wholly-owned subsidiary of Qingdao Haier.

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China's Midea Group expects net profit growth in 2018

China's home appliances maker Midea Group expects to report a fast growth of net profit for last year, it said in a statement Tuesday. The net profit for 2018 is expected to stand at between 19.8 billion yuan ($2.9 billion) and 20.8 billion yuan, up by 15 percent to 20 percent year-on-year...

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Donper rolls out VDU series of super-compact variable frequency compressors

Donper unveils its VDU series, a new generation of super-compact variable frequency compressors, in Guilin, Guangxi province on Dec. 14, 2018.

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